Landmark Tower sale completion facing delays
In-principle nod for lease top-up still pending over purchase of adjacent land
Singapore
OWNERS of Landmark Tower are getting increasingly anxious after several delays to the completion of the S$286 million collective sale of the Chin Swee Road project.
The sale was first announced in May 2018, but the consortium of buyers - comprising ZACD Group, Sin Soon Lee Realty and MCC Land - is hoping for this to be completed by August this year. Nearby are two other en bloc projects: Sustained Land's Asia Gardens, bought in April 2018, and CapitaLand's Pearl Bank Apartments, bought in February the same year by private treaty. Their collective sales were completed last December and November respectively.
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